All articles tagged with #ownership change
NFL team owners are scheduled to vote in August 2026 on Vinod Khosla-led group's bid to buy the Seattle Seahawks for $9.612 billion. Khosla has already been approved to hold a minority stake in the 49ers, which should smooth the vetting process, and while these deals rarely fall apart, the final structuring of the transaction remains the key remaining step.
Portland Trail Blazers laid off more than 70 employees in a restructuring tied to the team’s recent ownership change under Tom Dundon, with longtime beat reporter Casey Holdahl among those let go; the team says the moves are intended to position the organization for long-term success and to support affected staff.
Keystone Cement, a 100-year-old company in Pennsylvania, is being acquired by Virginia-based Titan America in a $310 million deal, marking its second ownership change in less than a year and expanding Titan's presence in the Mid-Atlantic region.
GOG has been sold by CD Projekt Red to co-founder Michał Kiciński for approximately $25.26 million, with the platform continuing to offer DRM-free games and maintaining its commitment to game preservation and user control, aligning with its original philosophy.
Daniel Levy, after 25 years, has stepped down as Tottenham Hotspur's executive chairman amid a broader ownership-led overhaul aimed at modernizing the club and boosting its success, with new leadership emphasizing a shift away from traditional control models and potentially impacting transfer strategies.
Cartoon Brew has been sold, with founder Amid Amidi stepping down and Jamie Lang, a former editor-in-chief, taking over to ensure the site remains independent and true to its mission of serving the animation community. Amidi expresses confidence in the site's future under Lang's leadership and plans to continue his involvement in animation and creative projects.
Nexus Mods, the largest PC game mod platform, has changed ownership after 24 years, with concerns arising over the new owners' growth-focused approach and monetization strategies, which could impact the community and legacy of the site.
Nexus Mods has been acquired by a company called Chosen, co-founded by Victor Folmann and Marinus Elgaard, who have reassured the community that they do not plan to introduce paid mods or NFTs, and aim to support the platform's community-focused approach. The ownership change was initially kept vague, prompting community investigation.
Nexus Mods, a popular site for PC game mods, has been sold to new owners after founder Robin Scott decided to step down due to burnout. The new leadership includes individuals with deep roots in gaming and tech, and Scott will continue to be involved in community matters. The change aims to ensure the site's future without a corporate takeover.
The popular Mac app Bartender has been quietly sold to new owners, raising concerns due to a lack of transparency about the transaction. Users were alerted by MacUpdater about potential security risks with updates from version 5.0.52. The new owners confirmed the acquisition but did not provide detailed information or notify customers properly, leading to red flags among the user community.
Revolt has announced a new ownership structure where current employees will become the largest shareholder group after founder Sean "Diddy" Combs stepped down as chairman and his shares were redeemed. The company remains Black-owned and aims to enhance employee incentives and morale. This change follows Combs' exit amid multiple allegations of sexual misconduct.
Baltimore Orioles' owner John Angelos has agreed to sell the team to private equity billionaire David Rubenstein for $1.725 billion, with Rubenstein becoming the "control person" and Orioles legend Cal Ripken Jr. part of the investment group. The sale, pending MLB approval, could bring changes to the team's spending and pursuit of free agents. Rubenstein, a Baltimore native, has long expressed interest in owning the Orioles and is known for his love of baseball.
Mark Cuban, after selling his majority stake in the Dallas Mavericks to a group led by Dr. Miriam Adelson, is distributing approximately $35 million in bonuses to team employees as a gesture of gratitude. The bonuses are calculated based on the employees' tenure with the Mavericks. Cuban retains a 27% stake in the team and will continue to run basketball operations, although Patrick Dumont from the new ownership group will have the final say.
The Washington Commanders opened their regular season with a narrow win over the Arizona Cardinals, but the victory was overshadowed by the notable absence of former owner Dan Snyder. The game marked a new era for the franchise, with a larger and more supportive home crowd, alumni returning, and a refreshing feeling of detachment from Snyder's controversial reign. While the on-field performance was lackluster, the Commanders' win symbolized a fresh start for the team under new ownership, allowing fans to focus solely on the game of football without the baggage of Snyder's troubled tenure.
Michael Jordan has finalized the sale of a majority stake in the Charlotte Hornets to a group led by Rick Schnall and Gabe Plotkin. Jordan, who owned the team for 13 years, will retain a minority stake. The purchase was made at a valuation of approximately $3 billion. The new owners plan to take the Hornets to the next level on and off the court, with a focus on building a competitive team, investing in facilities, and enhancing the fan experience.